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LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES | 6 Months Ended
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Jun. 30, 2025
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES |
LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES | NOTE 5 – LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES The fundamental lending business of the Company is based on understanding, measuring, and controlling the credit risk inherent in the loan portfolio. The Company's loan portfolio is subject to varying degrees of credit risk. These risks entail both general risks, which are inherent in the lending process, and risks specific to individual borrowers. The Company's credit risk is mitigated through portfolio diversification, which limits exposure to any single customer, industry, or collateral type. The Company currently manages its credit products and the respective exposure to credit losses by specific portfolio segments and classes, which are levels at which the Company develops and documents its systematic methodology to determine the allowance for credit losses. The Company believes each portfolio segment has unique risk characteristics. The Company's loans held for investment is divided into three portfolio segments: loans secured by real estate, commercial and industrial loans, and consumer loans. Each of these segments is further divided into loan classes for the purpose of estimating the allowance for credit losses. ​ The following table is a summary of loans receivable by loan portfolio segment and class. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ | ​ | 2025 |  | 2024
(dollars in thousands) |  | Amount |  | % |  | Amount |  | %
Loans Secured by Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land | ​ | $ | 4,626 | ​ | 2 | ​ | $ | 8,882 | ​ | 4
Farmland | ​ | ​ | 311 | ​ | — | ​ | ​ | 315 | ​ | —
Single-family residential | ​ | ​ | 104,167 | ​ | 49 | ​ | ​ | 98,993 | ​ | 49
Multi-family | ​ | ​ | 4,947 | ​ | 2 | ​ | ​ | 5,022 | ​ | 2
Commercial | ​ | ​ | 50,630 | ​ | 24 | ​ | ​ | 48,726 | ​ | 24
Total loans secured by real estate | ​ | ​ | 164,681 | ​ | ​ | ​ | ​ | 161,938 | ​ | ​
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | 19,012 | ​ | 9 | ​ | ​ | 16,705 | ​ | 8
SBA guaranty | ​ | ​ | 5,539 | ​ | 3 | ​ | ​ | 5,691 | ​ | 3
Total commercial and industrial loans | ​ | ​ | 24,551 | ​ | ​ | ​ | ​ | 22,396 | ​ | ​
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | 2,512 | ​ | 1 | ​ | ​ | 2,880 | ​ | 1
Automobile | ​ | ​ | 21,618 | ​ | 10 | ​ | ​ | 18,005 | ​ | 9
Total consumer loans | ​ | ​ | 24,130 | ​ | ​ | ​ | ​ | 20,885 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans, net of deferred fees and costs | ​ | ​ | 213,362 | ​ | 100 | ​ | ​ | 205,219 | ​ | 100
Less: Allowance for credit losses | ​ | ​ | (2,587) | ​ | ​ | ​ | ​ | (2,839) | ​ | ​
Loans, net | ​ | $ | 210,775 | ​ | ​ | ​ | $ | 202,380 | ​ | ​
​ Credit Risk and Allowance for Credit Losses. Credit risk is the risk of loss arising from the inability of a borrower to meet his or her obligations and entails both general risks, which are inherent in the process of lending, and risks specific to individual borrowers. Credit risk is mitigated through portfolio diversification, which limits exposure to any single customer, industry, or collateral type. Residential mortgage and home equity loans and lines generally have the lowest credit loss experience. Loans secured by personal property, such as auto loans, generally experience medium credit losses. Unsecured loan products, such as personal revolving credit, have the highest credit loss experience and for that reason, the Bank has chosen not to engage in a significant amount of this type of lending. Credit risk in commercial lending can vary significantly, as losses as a percentage of outstanding loans can shift widely during economic cycles and are particularly sensitive to changing economic conditions. Generally, improving economic conditions result in improved operating results on the part of commercial customers, enhancing their ability to meet their particular debt service requirements. Improvements, if any, in operating cash flows can be offset by the impact of rising interest rates that may occur during improved economic times. Inconsistent economic conditions may have an adverse effect on the operating results of commercial customers, reducing their ability to meet debt service obligations. ​ The Company applies ASU 2016-13, Financial Instruments - Credit Losses (“ASC 326”) for estimating credit losses. The CECL model requires the immediate recognition of expected credit losses over the contractual term for financial instruments that fall within the scope of CECL at the date of origination or purchase of the financial instrument. The CECL model, which is applicable to the measurement of credit losses on financial assets measured at amortized cost and certain off-balance sheet credit exposures, affects the Company’s estimates of the allowance for credit losses for our loan portfolio and the reserve for our off-balance sheet credit exposures related to loan commitments. The allowance for credit losses is established through a provision for credit losses charged to expense. Loans are charged against the allowance for credit losses when management believes that the collectability of the principal is unlikely. The allowance, based on all available information from internal and external sources, relevant to assessing the collectability of loans over their contractual terms, adjusted for expected prepayments when appropriate, is an amount that management believes will be adequate to absorb possible losses on existing loans that may become uncollectible. The evaluations are performed for each class of loans and take into consideration factors such as changes in the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, value of collateral securing the loans and current economic conditions and trends that may affect the borrowers’ ability to pay. For example, delinquencies in unsecured loans and indirect automobile installment loans may be reserved for at higher ratios than loans secured by real estate. Finally, the Company considers forecasts about future economic conditions or changes in collateral values that are reasonable and supportable. Based on that analysis, the Bank deems its allowance for credit losses in proportion to the total impaired loans and past due loans to be sufficient. ​ Transactions in the allowance for credit losses for the six months ended June 30, 2025, and the year ended December 31, 2024 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Loans Secured By Real Estate | ​ | Commercial and Industrial Loans | ​ | Consumer Loans | ​ |  | ​
June 30, 2025 | ​ | Construction | ​ | ​ | ​ | Single-family | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
(dollars in thousands) |  | and Land | ​ | Farmland | ​ | Residential | ​ | Multi-family | ​ | Commercial |  | and Industrial | ​ | SBA Guaranty | ​ | Consumer | ​ | Automobile | ​ | Total
​ |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Balance, beginning of year | ​ | $ | 40 | ​ | $ | 16 | ​ | $ | 1,529 | ​ | $ | 224 | ​ | $ | 507 | ​ | $ | 272 | ​ | $ | 38 | ​ | $ | 45 | ​ | $ | 168 | ​ | $ | 2,839
Charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | (130) | ​ | ​ | (130)
Recoveries | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 81 | ​ |  | 81
(Release) provision for credit losses | ​ |  | (26) | ​ |  | (2) | ​ |  | (63) | ​ |  | (121) | ​ |  | (150) | ​ |  | 90 | ​ |  | (4) | ​ |  | (9) | ​ |  | 82 | ​ |  | (203)
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Balance, end of quarter | ​ | $ | 14 | ​ | $ | 14 | ​ | $ | 1,466 | ​ | $ | 103 | ​ | $ | 357 | ​ | $ | 362 | ​ | $ | 34 | ​ | $ | 36 | ​ | $ | 201 | ​ | $ | 2,587
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Individually evaluated for impairment: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Balance in allowance | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Related loan balance | ​ |  | — | ​ |  | — | ​ |  | 979 | ​ |  | — | ​ |  | 864 | ​ |  | — | ​ |  | 461 | ​ |  | — | ​ |  | — | ​ |  | 2,304
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Collectively evaluated for impairment: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Balance in allowance | ​ | $ | 14 | ​ | $ | 14 | ​ | $ | 1,466 | ​ | $ | 103 | ​ | $ | 357 | ​ | $ | 362 | ​ | $ | 34 | ​ | $ | 36 | ​ | $ | 201 | ​ | $ | 2,587
Related loan balance | ​ |  | 4,626 | ​ |  | 311 | ​ |  | 103,188 | ​ |  | 4,947 | ​ |  | 49,766 | ​ |  | 19,012 | ​ |  | 5,078 | ​ |  | 2,512 | ​ |  | 21,618 | ​ |  | 211,058
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Loans Secured By Real Estate | ​ | Commercial and Industrial Loans | ​ | Consumer Loans | ​ |  | ​
December 31, 2024 | ​ | Construction | ​ | ​ | ​ | Single-family | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
(dollars in thousands) |  | and Land | ​ | Farmland | ​ | Residential | ​ | Multi-family | ​ | Commercial |  | and Industrial | ​ | SBA Guaranty | ​ | Consumer | ​ | Automobile | ​ | Total
​ |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Balance, beginning of year | ​ | $ | 31 | ​ | $ | 18 | ​ | $ | 1,290 | ​ | $ | 96 | ​ | $ | 190 | ​ | $ | 304 | ​ | $ | 21 | ​ | $ | 30 | ​ | $ | 177 | ​ | $ | 2,157
Charge-offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (299) | ​ | ​ | (18) | ​ | ​ | (67) | ​ | ​ | (384)
Recoveries | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 133 | ​ |  | 89 | ​ |  | 222
Provision (release) for credit losses | ​ |  | 9 | ​ |  | (2) | ​ |  | 239 | ​ |  | 128 | ​ |  | 317 | ​ |  | (32) | ​ |  | 316 | ​ |  | (100) | ​ |  | (31) | ​ |  | 844
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Balance, end of the year | ​ | $ | 40 | ​ | $ | 16 | ​ | $ | 1,529 | ​ | $ | 224 | ​ | $ | 507 | ​ | $ | 272 | ​ | $ | 38 | ​ | $ | 45 | ​ | $ | 168 | ​ | $ | 2,839
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Individually evaluated for impairment: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Balance in allowance | ​ | $ | — | ​ | $ | — | ​ | $ | 18 | ​ | $ | — | ​ | $ | — | ​ | $ | 121 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 139
Related loan balance | ​ |  | — | ​ | ​ | — | ​ |  | 26 | ​ |  | — | ​ |  | — | ​ |  | 773 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 799
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Collectively evaluated for impairment: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Balance in allowance | ​ | $ | 40 | ​ | $ | 16 | ​ | $ | 1,511 | ​ | $ | 224 | ​ | $ | 507 | ​ | $ | 151 | ​ | $ | 38 | ​ | $ | 45 | ​ | $ | 168 | ​ | $ | 2,700
Related loan balance | ​ |  | 8,882 | ​ |  | 315 | ​ |  | 98,967 | ​ |  | 5,022 | ​ |  | 48,726 | ​ |  | 15,932 | ​ |  | 5,691 | ​ |  | 2,880 | ​ |  | 18,005 | ​ |  | 204,420
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, | ​ | June 30,
(dollars in thousands) | ​ | 2025 | ​ | 2024
Average loans | ​ | $ | 207,409 | ​ | ​ | $ | 181,282 | ​
Net charge offs to average loans (annualized) | ​ |  | 0.01 | % | ​ |  | 0.25 | %
​ During the six-month period ended June 30, 2025, loans to 10 borrowers and related entities totaling approximately $130,000 were determined to be uncollectible and were charged off. ​ The following table provides current period gross charge-offs by the year of origination for each period shown: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross Charge-offs
June 30, 2025 | ​ | ​ | Term Loans by Origination Year | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ |  | 2025 | ​ | 2024 |  | 2023 |  | 2022 |  | 2021 |  | Prior |  | Loans |  | Total
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Automobile | ​ | ​ | — | ​ | ​ | 16 | ​ | ​ | — | ​ | ​ | 24 | ​ | ​ | 22 | ​ | ​ | 68 | ​ | ​ | — | ​ | ​ | 130
Total Consumer | ​ | ​ | — | ​ | ​ | 16 | ​ | ​ | — | ​ | ​ | 24 | ​ | ​ | 22 | ​ | ​ | 68 | ​ | ​ | — | ​ | ​ | 130
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total gross charge-offs this period | ​ | $ | — | ​ | $ | 16 | ​ | $ | — | ​ | $ | 24 | ​ | $ | 22 | ​ | $ | 68 | ​ | $ | — | ​ | $ | 130
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Gross Charge-offs
December 31, 2024 | ​ | ​ | Term Loans by Origination Year | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ |  | 2024 |  | 2023 | ​ | 2022 |  | 2021 |  | 2020 |  | Prior |  | Loans |  | Total
Commercial and Industrial Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 299 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 299
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | $ | — | ​ | $ | — | ​ | $ | 13 | ​ | $ | — | ​ | $ | — | ​ | $ | 5 | ​ | $ | — | ​ | $ | 18
Automobile | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 51 | ​ | ​ | 16 | ​ | ​ | — | ​ | ​ | 67
Total Consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 13 | ​ | ​ | 0 | ​ | ​ | 51 | ​ | ​ | 21 | ​ | ​ | — | ​ | ​ | 85
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total gross charge-offs this period | ​ | $ | — | ​ | $ | — | ​ | $ | 13 | ​ | $ | 299 | ​ | $ | 51 | ​ | $ | 21 | ​ | $ | — | ​ | $ | 384
​ Reserve for Unfunded Commitments. Loan commitments and unused lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. The Bank generally requires collateral to support financial instruments with credit risk on the same basis as it does for on-balance sheet instruments. The collateral requirement is based on management's credit evaluation of the counter-party. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. Each customer's creditworthiness is evaluated on a case-by-case basis. ​ Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. ​ As of June 30, 2025, the Bank had outstanding commitments totaling $37.3 million, or $2.3 million less than the $39.6 million outstanding one year ago. The reserve for unfunded commitments represents the expected lifetime credit losses on off-balance sheet obligations such as commitments to extend credit and standby letters of credit. However, a liability is not recognized for commitments that are unconditionally cancellable by the Company. The allowance for credit losses on unfunded commitments is determined by estimating future draws, including the effects of risk mitigation actions, and applying the expected loss rates on those draws. Loss rates are estimated by utilizing the same loss rates calculated for the allowance for credit losses related to the respective loan portfolio class. The decrease for the six-month period ended June 30, 2025, when compared to the six-month period ended June 30, 2024, primarily reflects changes in the data, assumptions and processes between periods. ​ The following table shows the Bank’s reserve for unfunded commitments arising from these transactions: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended
​ | ​ | June 30,
(dollars in thousands) |  | 2025 |  | 2024
Beginning balance |  | $ | 584 |  | $ | 473
Reduction of unfunded reserve | ​ | ​ | (338) | ​ | ​ | (88)
Provisions charged to operations | ​ | ​ | — | ​ | ​ | 186
​ | ​ | ​ | ​ | ​ | ​ | ​
Ending balance |  | $ | 246 |  | $ | 571
​ Contractual Obligations and Commitments. No material changes, outside the normal course of business, have been made during the first six months of 2025. ​ Asset Quality. The following tables set forth the amount of the Bank’s current, past due, and non-accrual loans by categories of loans and restructured loans, at the dates indicated. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 90 Days or | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ | ​ | ​ | ​ | 30-89 Days | ​ | More and | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Loans Secured by Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land | ​ | $ | 4,626 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 4,626
Farmland | ​ |  | 311 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 311
Single-family residential | ​ | ​ | 103,253 | ​ | ​ | 27 | ​ | ​ | — | ​ | ​ | 887 | ​ | ​ | 104,167
Multi-family | ​ | ​ | 4,947 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,947
Commercial | ​ | ​ | 50,510 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 120 | ​ | ​ | 50,630
Total loans secured by real estate | ​ |  | 163,647 | ​ |  | 27 | ​ |  | — | ​ |  | 1,007 | ​ |  | 164,681
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | 19,012 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 19,012
SBA guaranty | ​ | ​ | 5,539 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,539
Total commercial and industrial loans | ​ | ​ | 24,551 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 24,551
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | 2,488 | ​ | ​ | 24 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,512
Automobile | ​ | ​ | 21,178 | ​ | ​ | 381 | ​ | ​ | — | ​ | ​ | 59 | ​ | ​ | 21,618
Total consumer loans | ​ |  | 23,666 | ​ |  | 405 | ​ |  | — | ​ |  | 59 | ​ |  | 24,130
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 211,864 | ​ | $ | 432 | ​ | $ | — | ​ | $ | 1,066 | ​ | $ | 213,362
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 90 Days or | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ | ​ | ​ | ​ | 30-89 Days | ​ | More and | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Current |  | Past Due |  | Still Accruing |  | Nonaccrual |  | Total
Loans Secured by Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land | ​ | $ | 8,882 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 8,882
Farmland | ​ |  | 315 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 315
Single-family residential | ​ | ​ | 97,742 | ​ | ​ | 1,102 | ​ | ​ | — | ​ | ​ | 149 | ​ | ​ | 98,993
Multi-family | ​ | ​ | 5,022 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,022
Commercial | ​ | ​ | 48,602 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 124 | ​ | ​ | 48,726
Total loans secured by real estate | ​ |  | 160,563 | ​ |  | 1,102 | ​ |  | — | ​ |  | 273 | ​ |  | 161,938
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | 16,233 | ​ | ​ | 472 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 16,705
SBA guaranty | ​ | ​ | 5,691 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,691
Total commercial and industrial loans | ​ | ​ | 21,924 | ​ | ​ | 472 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22,396
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | 2,879 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,880
Automobile | ​ | ​ | 17,613 | ​ | ​ | 305 | ​ | ​ | — | ​ | ​ | 87 | ​ | ​ | 18,005
Total consumer loans | ​ |  | 20,492 | ​ |  | 306 | ​ |  | — | ​ |  | 87 | ​ |  | 20,885
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 202,979 | ​ | $ | 1,880 | ​ | $ | — | ​ | $ | 360 | ​ | $ | 205,219
​ The balances in the above tables have not been reduced by the allowance for credit losses. For the period ended June 30, 2025, the allowance for credit loss is $2.6 million. For the period ended December 31, 2024, the allowance for credit loss was $2.8 million. There were no non-accrual loans with specific reserves at June 30, 2025. ​ ​ ​ Below is a summary of the recorded investment amount and related allowance for losses of the Bank’s impaired loans at June 30, 2025 and December 31, 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2025 |  | ​ | ​ |  | Unpaid | ​ | Interest | ​ | ​ | ​ | ​ | Average
(dollars in thousands) | ​ | Recorded | ​ | Principal | ​ | Income | ​ | Specific | ​ | Recorded
​ | ​ | Investment | ​ | Balance | ​ | Recognized | ​ | Reserve | ​ | Investment
Impaired loans with specific reserves: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Loans Secured by Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Farmland | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Single-family residential | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Multi-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Commercial | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ |  | — | ​ |  | —
Total loans secured by real estate | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
SBA guaranty | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total commercial and industrial loans | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Automobile | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total consumer loans | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total impaired loans with specific reserves | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Impaired loans with no specific reserve: | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Loans Secured by Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | n/a | ​ | $ | —
Farmland | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | n/a | ​ |  | —
Single-family residential | ​ |  | 979 | ​ |  | 979 | ​ |  | 5 | ​ |  | n/a | ​ |  | 1,145
Multi-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | n/a | ​ | ​ | —
Commercial | ​ | ​ | 864 | ​ | ​ | 864 | ​ | ​ | 29 | ​ | ​ | n/a | ​ | ​ | 889
Total loans secured by real estate | ​ | ​ | 1,843 | ​ | ​ | 1,843 | ​ | ​ | 34 | ​ | ​ | — | ​ | ​ | 2,034
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | n/a | ​ | ​ | —
SBA guaranty | ​ | ​ | 461 | ​ | ​ | 461 | ​ | ​ | 22 | ​ | ​ | n/a | ​ | ​ | 466
Total commercial and industrial loans | ​ | ​ | 461 | ​ | ​ | 461 | ​ | ​ | 22 | ​ | ​ | — | ​ | ​ | 466
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | n/a | ​ | ​ | —
Automobile | ​ | ​ | 114 | ​ | ​ | 114 | ​ | ​ | 3 | ​ | ​ | n/a | ​ | ​ | 137
Total consumer loans | ​ | ​ | 114 | ​ | ​ | 114 | ​ | ​ | 3 | ​ | ​ | n/a | ​ | ​ | 137
Total impaired loans with no specific reserve | ​ | $ | 2,418 | ​ | $ | 2,418 | ​ | $ | 59 | ​ | $ | — | ​ | $ | 2,637
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 |  | ​ | ​ |  | Unpaid | ​ | Interest | ​ | ​ | ​ | ​ | Average
(dollars in thousands) | ​ | Recorded | ​ | Principal | ​ | Income | ​ | Specific | ​ | Recorded
​ | ​ | Investment | ​ | Balance | ​ | Recognized | ​ | Reserve | ​ | Investment
Impaired loans with specific reserves: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Loans Secured by Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Farmland | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Single-family residential | ​ |  | 8 | ​ |  | 26 | ​ |  | 4 | ​ |  | 18 | ​ |  | 48
Multi-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Commercial | ​ | ​ | 652 | ​ | ​ | 773 | ​ | ​ | — | ​ | ​ | 121 | ​ | ​ | 2,270
Total loans secured by real estate | ​ | ​ | 660 | ​ | ​ | 799 | ​ | ​ | 4 | ​ | ​ | 139 | ​ | ​ | 2,318
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
SBA guaranty | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total commercial and industrial loans | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Automobile | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total consumer loans | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total impaired loans with specific reserves | ​ | $ | 660 | ​ | $ | 799 | ​ | $ | 4 | ​ | $ | 139 | ​ | $ | 2,318
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Impaired loans with no specific reserve: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Loans Secured by Real Estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | n/a | ​ | $ | —
Farmland | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | n/a | ​ |  | —
Single-family residential | ​ |  | 123 | ​ |  | 123 | ​ |  | 12 | ​ |  | n/a | ​ |  | 91
Multi-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | n/a | ​ | ​ | —
Commercial | ​ | ​ | 125 | ​ | ​ | 125 | ​ | ​ | 8 | ​ | ​ | n/a | ​ | ​ | 138
Total loans secured by real estate | ​ | ​ | 248 | ​ | ​ | 248 | ​ | ​ | 20 | ​ | ​ | — | ​ | ​ | 229
Commercial and Industrial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial and industrial | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | n/a | ​ | ​ | —
SBA guaranty | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | n/a | ​ | ​ | —
Total commercial and industrial loans | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Consumer Loans | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | n/a | ​ | ​ | —
Automobile | ​ | ​ | 86 | ​ | ​ | 86 | ​ | ​ | 6 | ​ | ​ | n/a | ​ | ​ | 102
Total consumer loans | ​ | ​ | 86 | ​ | ​ | 86 | ​ | ​ | 6 | ​ | ​ | — | ​ | ​ | 102
Total impaired loans with no specific reserve | ​ | $ | 334 | ​ | $ | 334 | ​ | $ | 26 | ​ | $ | — | ​ | $ | 331
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
(dollars in thousands) |  | 2025 | ​ | 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
Restructured loans to borrowers with financial difficulty |  | $ | 24 | ​ | ​ | $ | 26 | ​
Non-accrual and 90+ days past due and still accruing loans to average loans | ​ | ​ | 0.51 | % | ​ | ​ | 0.19 | %
Allowance for credit losses to nonaccrual & 90+ days past due and still accruing loans | ​ | ​ | 242.8 | % | ​ | ​ | 789.1 | %
​ At June 30, 2025, there was one restructured loan to a borrower with financial difficulty consisting of a single-family residential loan in the amount of $24,000. This loan is in nonaccrual status. ​ The following table shows the activity for non-accrual loans for the six months ended June 30, 2025 and 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Commercial and | ​ | ​ | ​ |  | ​
​ | Loans Secured By Real Estate | ​ | Industrial Loans | ​ | ​ | Consumer Loans | ​ | ​
​ | Single-family | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
(dollars in thousands) | Residential | ​ | Commercial |  | and Industrial |  | SBA Guaranty |  | Consumer |  | Automobile | ​ | Total
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
December 31, 2023 | $ | 145 | ​ | $ | — | ​ | $ | 299 | ​ | $ | — | ​ | $ | — | ​ | $ | 83 | ​ | $ | 527
Transfers into nonaccrual | ​ | — | ​ | ​ | 140 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 18 | ​ | ​ | 158
Loans paid down/payoffs | ​ | (39) | ​ |  | (8) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (19) | ​ |  | (66)
Loans returned to accrual status |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (1)
Loans charged off |  | — | ​ |  | — | ​ |  | (299) | ​ |  | — | ​ |  | — | ​ |  | (2) | ​ |  | (301)
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
June 30, 2024 | $ | 106 | ​ | $ | 132 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 79 | ​ | $ | 317
​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
December 31, 2024 | $ | 149 | ​ | $ | 124 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 87 | ​ | $ | 360
Transfers into nonaccrual | ​ | 744 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 96 | ​ | ​ | 840
Loans paid down/payoffs |  | (6) | ​ |  | (4) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (16) | ​ |  | (26)
Loans returned to accrual status | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (1)
Loans charged off |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | (107) | ​ |  | (107)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, 2025 | $ | 887 | ​ | $ | 120 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 59 | ​ | $ | 1,066
​ Other Real Estate Owned. The Company had no real estate acquired in partial or total satisfaction of debt as of June 30, 2025 and December 31, 2024. All such properties are initially recorded at a lower of cost or fair value (net realizable value) at the date acquired and carried on the balance sheet as other real estate owned. Losses arising at the date of acquisition are charged against the allowance for credit losses. Subsequent write-downs that may be required and the expense of operation are included in noninterest expense. Gains and losses realized from the sale of other real estate owned were included in noninterest income. ​ Credit Quality Information In addition to monitoring the performance status of the loan portfolio, the Company utilizes a risk rating scale (1-8) to evaluate loan asset quality for all loans. Loans that are rated 1-4 are classified as pass credits. For the pass-rated loans, management believes there is a low risk of loss related to these loans and, as necessary, credit may be strengthened through improved borrower performance and/or additional collateral. The Bank’s internal risk ratings are as follows: 1 – 4 (Pass) - Pass credits are loans in grades “superior” through “acceptable”. These are at least considered to be credits with acceptable risks and would be granted in the normal course of lending operations. 5 (Special Mention) - Special mention credits have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credits or in the Bank’s credit position at some future date. If weaknesses cannot be identified, classification as special mention is not appropriate. Special mention credits are not adversely classified and do not expose the Bank to sufficient risk to warrant an adverse classification. No apparent loss of principal or interest is expected. 6 (Substandard) - Substandard credits are inadequately protected by the current worth and paying capacity of the obligor or by the collateral pledged. Financial statements normally reveal some or all of the following: poor trends, lack of earnings and cash flow, excessive debt, lack of liquidity, and the absence of creditor protection. Credits so classified must have a well-defined weakness, or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. 7 (Doubtful) - A doubtful credit has all the weaknesses inherent in a substandard asset with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans. Doubtful classification for an entire credit should be avoided when collection of a specific portion appears highly probable with the adequately secured portion graded Substandard. The following tables provides information with respect to the Company's credit quality indicators by loan portfolio segment on June 30, 2025, and December 31, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Loans Secured By Real Estate | ​ | Commercial and Industrial Loans | ​ | Consumer Loans | ​ |  | ​
June 30, 2025 | ​ | Construction | ​ | ​ | ​ | Single-family | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
(dollars in thousands) | ​ | and Land | ​ | Farmland | ​ | Residential | ​ | Multi-family | ​ | Commercial |  | and Industrial | ​ | SBA Guaranty | ​ | Consumer | ​ | Automobile | ​ | Total
​ | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Pass | ​ | $ | 4,626 | ​ | $ | 311 | ​ | $ | 103,188 | ​ | $ | 4,947 | ​ | $ | 49,766 | ​ | $ | 19,012 | ​ | $ | 5,078 | ​ | $ | 2,512 | ​ | $ | 21,504 | ​ | $ | 210,944
Special mention | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 979 | ​ | ​ | — | ​ | ​ | 864 | ​ | ​ | — | ​ | ​ | 461 | ​ | ​ | — | ​ | ​ | 114 | ​ | ​ | 2,418
Doubtful | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
​ | ​ | $ | 4,626 | ​ | $ | 311 | ​ | $ | 104,167 | ​ | $ | 4,947 | ​ | $ | 50,630 | ​ | $ | 19,012 | ​ | $ | 5,539 | ​ | $ | 2,512 | ​ | $ | 21,618 | ​ | $ | 213,362
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nonaccrual | ​ | $ | — | ​ | $ | — | ​ | $ | 887 | ​ | $ | — | ​ | $ | 120 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 59 | ​ | $ | 1,066
Restructured loans to borrowers with financial difficulty | ​ | $ | — | ​ | $ | — | ​ | $ | 24 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 24
Number restructured loans to borrowers with financial difficulty | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1
Non-performing restructured loans to borrowers with financial difficulty | ​ | $ | — | ​ | $ | — | ​ | $ | 24 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 24
Number of non-performing restructured loan accounts | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Loans Secured By Real Estate | ​ | Commercial and Industrial Loans | ​ | Consumer Loans | ​ |  | ​
December 31, 2024 | ​ | Construction | ​ | ​ | ​ | Single-family | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
(dollars in thousands) |  | and Land | ​ | Farmland | ​ | Residential | ​ | Multi-family | ​ | Commercial |  | and Industrial | ​ | SBA Guaranty | ​ | Consumer | ​ | Automobile | ​ | Total
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pass | ​ | $ | 8,882 | ​ | $ | 315 | ​ | $ | 98,844 | ​ | $ | 5,022 | ​ | $ | 47,829 | ​ | $ | 16,705 | ​ | $ | 5,219 | ​ | $ | 2,880 | ​ | $ | 17,918 | ​ | $ | 203,614
Special mention | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 472 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 472
Substandard | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 149 | ​ | ​ | — | ​ | ​ | 897 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 87 | ​ | ​ | 1,133
Doubtful | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
​ | ​ | $ | 8,882 | ​ | $ | 315 | ​ | $ | 98,993 | ​ | $ | 5,022 | ​ | $ | 48,726 | ​ | $ | 16,705 | ​ | $ | 5,691 | ​ | $ | 2,880 | ​ | $ | 18,005 | ​ | $ | 205,219
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nonaccrual | ​ | $ | — | ​ | $ | — | ​ | $ | 149 | ​ | $ | — | ​ | $ | 124 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 87 | ​ | $ | 360
Restructured loans to borrowers with financial difficulty | ​ | $ | — | ​ | $ | — | ​ | $ | 26 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 26
Number restructured loans to borrowers with financial difficulty | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1
Non-performing restructured loans to borrowers with financial difficulty | ​ | $ | — | ​ | $ | — | ​ | $ | 26 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 26
Number of non-performing restructured loan accounts | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1
​

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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